GeopoliticsNotableConfirmed
6.3
UK fines Citibank £5m for processing £19.7m in Russia-sanctioned payments
CityAMLO·GB · US · RU·2 days ago
The OCC is proposing changes to how it issues matters requiring attention (MRAs) for violations of laws or regulations, potentially altering supervisory expectations for banks. The proposal also addresses handling violations without formal enforcement actions or MRAs, signaling a shift in regulatory posture. Market impact is uncertain but could affect bank compliance costs and supervisory risk.